Dividend Power Score
A single, comprehensive score designed to measure the true strength of a company’s dividend.
This score combines three essential pillars of dividend quality:
Consistency – Measures how reliable the dividend has been over time, focusing on payment history, stability, and the absence of cuts or suspensions.
Payability – Assesses the company’s financial ability to sustain its dividend, taking into account cash flow, earnings coverage, balance sheet strength, and overall financial health.
Growth – Evaluates the long-term growth of both the dividend and the company’s share price, highlighting businesses that consistently increase payouts while creating shareholder value.
Higher scores identify companies that have historically delivered dependable income alongside sustained dividend growth and long-term capital appreciation.
Company Overview
Nomura Holdings, Inc. is a Japanese financial holding company and one of the largest investment banking and financial services groups in Japan. The company operates primarily in the securities, investment banking, asset management, and wealth management industries, serving institutional, corporate, government, and individual clients. Its core revenue drivers include brokerage services, trading and investment activities, advisory services, underwriting, and fee-based asset and wealth management.
Founded in 1925, Nomura evolved from a domestic securities brokerage into a global financial institution, particularly following its post–World War II expansion and deregulation of Japan’s financial markets. A major inflection point occurred after the 2008 global financial crisis, when Nomura acquired key operations from Lehman Brothers in Europe, the Middle East, and Asia-Pacific, significantly expanding its international footprint and capabilities. Nomura positions itself as a bridge between Japan and global capital markets, leveraging deep domestic relationships alongside international reach.
Business Operations
Nomura generates revenue through three primary operating segments: Wealth Management, Investment Management, and Wholesale. Wealth Management focuses on serving high-net-worth individuals and retail clients in Japan, offering securities brokerage, investment advisory, and banking-related products. Investment Management operates globally, providing asset management services through Nomura Asset Management Co., Ltd. and related subsidiaries, with offerings spanning equities, fixed income, and alternative investments.
The Wholesale segment encompasses global markets and investment banking activities, including trading, structuring, mergers and acquisitions advisory, and capital markets underwriting. This segment operates across Japan, Asia-Pacific, Europe, and the Americas, with revenues driven by institutional client activity. Nomura controls proprietary trading platforms, research capabilities, and distribution networks, and maintains regulated broker-dealer and banking subsidiaries in multiple jurisdictions.
Strategic Position & Investments
Nomura’s strategic direction emphasizes stable, fee-based revenue growth, capital efficiency, and risk discipline, particularly following restructuring efforts in the late 2010s and early 2020s. Growth initiatives include expanding Investment Management assets under management, strengthening Wealth Management recurring revenues, and selectively scaling Wholesale operations where client profitability and capital returns meet internal thresholds.
The company has made targeted investments in private markets, sustainable finance, and digital transformation, including data analytics and trading infrastructure. Notable subsidiaries include Nomura Securities Co., Ltd., Nomura International plc, and Nomura Asset Management Co., Ltd. While Nomura has periodically exited or downsized underperforming overseas businesses, it continues to invest in sectors aligned with long-term institutional demand, including ESG-related products and alternative assets.
Geographic Footprint
Nomura is headquartered in Tokyo, Japan, and maintains a strong domestic presence across Japan, where the majority of its retail and wealth management clients are located. Internationally, the firm operates across Asia-Pacific, Europe, the Middle East, and the Americas, serving institutional investors, corporations, and sovereign entities.
Its global operations include major financial centers such as London, New York, Hong Kong, and Singapore, reflecting its role as a cross-border financial intermediary. Nomura’s international influence is most pronounced in global markets trading and investment banking, while asset and wealth management operations are increasingly diversified across regions.
Leadership & Governance
Nomura is led by a management team with extensive experience in global financial markets, with a governance structure typical of large Japanese financial holding companies. Leadership has emphasized accountability, risk management, and sustainable profitability, particularly in response to regulatory expectations and past earnings volatility.
Key executives include:
- Kentaro Okuda – President and Group CEO
- Christopher Willcox – Executive Officer and Head of Wholesale
- Takumi Kitamura – Executive Officer and Chief Financial Officer
- Hideaki Sakai – Executive Officer and Head of Wealth Management
- Koji Nagai – Chairman of the Board
The leadership’s strategic vision centers on reinforcing Nomura’s position as Japan’s leading global financial services group while maintaining disciplined global expansion and long-term shareholder value creation.